On one of my routes home I drive via a very affluent road, and I noticed one thing. All the houses are detached, double garage's, huge drive ways, immaculate front gardens, and all-round very nice houses. Although, nearly all of the houses had cars parked on those huge driveways which were easily 10, 11, up to 15 years old. Not an EV or new(ish) car in sight. This got me thinking about car ownership. The more money we earn we naturally seem to want to upgrade our cars to match that new level we have reached in our careers. So after nearly 40 years on this earth, I think I have finally realised the money pit in which owning a new/nearly new car is. Out of interest, does everybody change their car every 3/4 years, or does anyone buy new/nearly new, and then keep and maintain that car for as long as they possibly can? Think of all that potential extra cash which can be used to either save, or even better, invest, once that initial cost of the car is paid off? #carownership #futureplanning #investing #financialplanning #finance
We bought our family car nearly new last year, but that was after owning my 2010 Polo for 9 years and my husband owning his 1999 Focus for nearly 15 years! We aim to keep this newer one long term and not change it after the agreement ends.
Youve seen my 2004 Volvo T5 manual on 56k miles right??
I’m a year into the Salary sacrifice scheme on an EV. But I’ve been debating once this is up. Looking at going back to an older car. Maybe around 2017 to 2019! The only thing swaying me is the fact I get peace of mind on my current car should anything break or go wrong!
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3moI haven't mate, that's pretty impressive though. No sign of her slowing down either, I bet?